Credit Dimensions - Press Releases

News & events

Press releases

CDI happenings

Home l News & events l Press releases

New York, June 08, 2011 CreditDimensions shared a publication on "Single View of Customer" with reference data industry practitioners. Please contact sean.dykhouse@ebusinessware.com for your copy

New York, March 31, 2011 Bank Hapoalim goes live with CreditDimensions - Bank Hapoalim has launched the CreditDimensions (CDI) platform to provide a single client identifier, to maintain cross-references across all client ids, and to map instruments to issuers. The CDI workflow module was also installed to enable the bank to maintain customer hierarchies, thereby facilitating credit exposure aggregation. "We found that CDI is an open platform, implementation of industry best-practices, and customizable workflows were ideal for our unique needs," commented Eyal Perry, Head of Basel II Projects.

"Our innovative platform can be easily adapted to support mission critical business processes for data management," commented Edward Hoofnagle, CEO of CreditDimensions, "We are pleased to launch a version which is uniquely tailored for the Israeli marketplace."

13 November 2008-CreditDimensions attended the FIMA- Data Management Conference in London on 12-13th November. Product Manager, Michael Smethurst said that the conference was well attended and that there was reasonable interest in the product and new services on offer eg Corporate Actions and Client Onboarding. The User Interface and Reporting Tool were demonstrated to potential clients as was a slideshow of the office in Gurgaon which helped strengthen our position in the industry. The topics of discussion at the main conference were centred around the current state of the Global Economy and Financial Markets as well as the benefits and importance of reference data and data quality. 'It is clear that there are good reasons why in these troubled times reference data continues to be an area of capturing management attention and investment".

08 October 2002 - CreditDimensions, a company created to develop market data management solutions for financial services firms, has formed an industry working group aimed at developing common standards for reference data management.

Formed as an offshoot of New York-based IT services firm ebusinessware, project management firm Adsatis, and middleware vendor Objective Edge, CreditDimensions recently completed an operating pilot of a Web-based reference data management solution in tandem with Credit Suisse First Boston, JPMorgan Chase, Goldman Sachs and another global firm.

Kathleen Wells, vice president at JPMorgan Chase, says: "The product fills a void in the marketplace and creates the opportunity for firms to obtain the data more cheaply than it costs internally. This is line with a growing strategic trend among large firms to outsource what they do not consider a core business." She says the outcome of the pilot review was a unanimous agreement to define detailed operating processes to support the exchange and verification of reference data. In addition to the four initial participants, other institutions to have joined the working group include Morgan Stanley, Nomura and RBC Financial Group.

Ian Piddock, director at Credit Suisse First Boston comments: "We believe in the importance of an industry-led initiative for counterparty data. Working together to define standards and best practices is an important step towards fulfilling the industry initiative."

CreditDimensions core data product is a database of industry-provided reference data supported and maintained by a team of research analysts. Subscribers receive operational quality credit data in real-time while reducing their costs for data acquisition and management, says the firm. The formation of the working group coincides with the launch of a similar initiative by Reuters last week.

London, October 7 2002 (STPforum.com) - Following news of the creation of a reference data user group by Reuters made up by representatives from 20 global broker/dealers, custodians, and fund management firms, CreditDimensions has announced the formation of an industry working group for reference data.

The New York-based provider of reference data management solutions has formed the group to detail operating processes to support the exchange and verification of reference data.

CreditDimensions initially launched a pilot review with four financial institutions, including Credit Suisse First Boston, JPMorgan Chase, Goldman Sachs and another global firm.

The pilot review concluded there should be an effort made to standardise aspects of reference data for exchange and validation. Additional firms have now joined the working group including Morgan Stanley, Nomura and RBC Financial Group.

Robert Casper, managing director at Morgan Stanley, says a common set of reference data for the financial industry holds significant value if it can be delivered. The working group began in mid-September 2002.